DAK Financial Services, LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$43,294,257
Total clients
63
37% high-net worth
Total advisors
1
of 1 employees
Firm size
Independent
1 advisor
Average clients per advisor
63
Average account size
$687,210
About
DAK Financial Services provides individualized investment management and comprehensive financial planning to individual and high-net-worth clients. The firm manages roughly $43 million across about 63 client relationships and offers services on both discretionary and non-discretionary bases; like many independent advisers, it generally charges asset-based fees.
The firm’s investment process blends fundamental and technical (including cyclical) analysis and incorporates passive exposures such as index mutual funds and ETFs alongside active selections, options and other securities as appropriate. Client-specific investment policy statements guide portfolio construction and accounts are reviewed at least quarterly, with the firm disclosing the material risks of its strategies (e.g., market, interest-rate, liquidity and derivative risks).
A noteworthy feature is that the firm’s principal is also licensed to sell life and health insurance and may engage in insurance product sales for additional compensation; these sales are disclosed and are stated not to offset advisory fees, a dual role that is relatively uncommon among independent advisory firms and can present potential conflicts of interest. The firm operates as a solo independent adviser, does not participate in wrap fee programs or take custody of client assets, and makes custodian recommendations while allowing clients to choose their custodian.
Client services
Financial planning
Portfolio management
Expertise
General retirement planning
Cash flow / budgeting
College savings (529s, UTMA, etc.)
General estate planning guidance
Life insurance needs analysis
Fee options
Fixed fee range between $500.00 and $7,500.00, negotiable based on scope and complexity
$0 - $100,000: 1.25% $100,001 - $250,000: 1.10% $250,001 - $500,000: 1.00% $500,001 - $1,000,000: 0.90% $1,000,001 - $3,000,000: 0.85% $3,000,001+: Negotiable
$250.00 per hour
Main office location
DAK Financial Services, LLC
Chester CT, United States
Number of offices
1
Most active in
DAK Financial Services, LLC has reported serving >5 clients in these states in the last 12 months.
Massachusetts
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
-
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Quick links
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